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are willing to make sure we don't go over this fiscal cliff but at the same time don't harm this economy. what has to happen here if the president shows a little leadership we are willing to stay in the room and stay here and we are willing to get this done. that's why you saw a proposal that is raoeubl reasonable that meets his criteria. >> reporter: steny hoyer said in the next few days we will see substantive movement in private to get this done. jenna: we'll continue to watch the play-by-play, mike, thank you. jon: right now we are continuing to await a speech by former president george w. bush, the speakers are taking to the podium there to get ready to introduce the former president. he is set to address a conference there in dallas, where he will spotlight the positive impact of immigration on u.s. economic growth. this as the g.o.p. looks to attract more hiss to the party. meantime mr. bush's father, former president george h.w. bush is spending another day in the hospital being treated for bronchitis and a lingering cough. we told you about that last week when we first found out that
dramatically higher interest rates because if they don't do a good deal for fiscal cliff and keep spending money, it's entirely possible this is going to be our come up -- >> the fed isn't big enough -- i thought i could count on rates below next year. >> i think demand is good. there will be a bit of inflation. people will be surprised. they ought to go get a mortgage now. they should be buying something now before that part of the economy heats up. housing stays strong. >> not europe. >> not europe. not asia. >> everyone is thinking about fiscal cliff. i have to go with i'm so worried about how many promises we've made in terms of $87 trillion of stuff we're not going to be able to afford and i am afraid we never, ever come to grips with it. >> that's why i think inflation is going to be an issue, joe, for exactly what you just said. kick the can does not last at 3% interest rates. it doesn't last. >> liesman is here. what's your -- he said if the jobless rate stays high is the biggest threat to 2013. why would the economy be bad? >> i'm worried about the long-term effect of joblessness
of the fiscal cliff people in california will pay a boat load in extra taxes, the of calla earners will earn 52% marginal income-tax rate. zynga looking to get into the real game of gambling. and for a gaming license, that would mean gamblers in nevada could put down real money in names like zynga poker. the first day washington state residents conseco cox legally in public and in seattle they are doing that. huge crowds at midnight last night, like the new year's eve celebration according to several witnesses and a few cameras. the only problem is it is still against federal law and that is a problem for growers and sellers. detail people. that is your west coast minute. dennis: no word what this is doing to the productivity rate in washington state. the f h a is in talks eat, housing secretary shaun donovan wraps up his appearance beforee the senate banking committee. cheryl: let's go to peter barnes who is standing by in washington monitoring that hearing out of d.c.. peter: republicans charge that a bailout of the faa is coming and the housing secretary cannot rule it out. shaun donovan say
now. the cliff is basically the expiration of the tax rates and the across the board spending cuts of about 9% across defense and all domestic spending. that is the fiscal cliff. we shouldn't be dealing with other issues that are long term in order to avert the cliff as it were. that is immediate crisis. we have long term situation --. bill: but you know when lawmakers get a little bit of rope, you know, when they get time to think about it and push it off to the next year, it never gets done. this budget proposal, there are many who wonder whether or not even democrats could support it. the last budget that came from the white house went to the senate, it went 98-0 against it. no one voted for it. melissa: well, that was kind of a tricky parliamentary issue as well but, i do take issue with one thing, the idea we haven't dealt with entightments. we had two years, a year and a half we debated medicare. we made significant changes in medicare. we just had a campaign which republicans including governor romney time after time after time charged that we had cut $616 billion in spendin
and looking at the fiscal cliff and talking about raising taxes that will not put a dent in the spending, so what is the answer? >> gretchen: the suggestion i make let's go back to the programs we had five or six years ago. there was a safety net five or six years ago. if you lost your job in 2006, you got some help but not the type of help people have got since then. we go back to that situation and maybe we have a hope much having a labor market go back to the way it was five or six years ago. >> gretchen: professor which politician, republican or democrat is going to be doing what you just said? >> not the ones from my district. >> gretchen: i mean, they are in eight bind are they not? republicans and democrats are in a bind. will be the one to come to the podium and say let's stop those unemployment benefits. >> it is a bind and the europeans worked it out before . they found helping for the unemployed is politically popular and economically damaging and they did it for decade upon decade and continue to do it. and so yeah, i am not optmistic that we will go back to where we were five ye
Search Results 0 to 4 of about 5